The past year has seen unprecedented challenges within the industry; NAFCU is dedicated to helping your credit union successfully power through them and grow. Even with just a quick skim of our 2020 accomplishments for [...]
It should come as no surprise that an awful lot of organizations are ill-prepared for a cyber attack. Stories of high profile data breaches litter the news seemingly every day, often backed up with alarming [...]
Looking back on my almost 30 years in international banking, I can safely say that two of the most annoying and often repeated comments I have learned to anticipate are, “but that’s the way [...]
When I think back to Kindergarten, I recall the cubbies where we hung our backpacks, the world’s most dangerous playground equipment and, of course, Show & Tell. We would bring an object from home [...]
CUNA submitted comments Tuesday on the Financial Crimes Enforcement Network’s (FinCEN) continued efforts to update burden estimates for Bank Secrecy Act regulations. The Paperwork Reduction Act (PRA) requires agencies to estimate the burdens their [...]
In a letter to Congress, NAFCU joined with several other financial services industry organizations to outline concerns with the Office of the Comptroller of the Currency's (OCC) newly proposed special purpose payments charter for non-bank [...]
When I first became a manager, I thought my job was to give instructions and answer questions. No one sat down with me and set expectations on how to effectively lead a team. I wasn’[...]
“Why should I join your credit union?” Fair question. You probably have a laundry list of answers. Perhaps you lead with rate and service. Perhaps there is a specific niche you serve better than anyone [...]
Social media can be a cornerstone component in building a comprehensive digital marketing strategy. It offers direct targeting to the exact type of people you'd like your message to reach. It’s a way to [...]
This has been an atypical year filled with unprecedented changes. A global pandemic, country-wide lockdown, economic downturn, and an uncertain future outlook have combined to create unique challenges for business owners. If we’ve learned [...]
NAFCU receives many questions about advertisements and trigger terms in the context of closed-end mortgage loans. Section 1026.24 of Regulation Z governs the advertising requirements for closed-end mortgage loans. Today’s blog will look [...]
In March, the coronavirus forced TwinStar Credit Union ($1.7B, Olympia, WA) to close branches and move support staff remote. Since then, the credit union has split its focus between what it needs now and [...]
Data is growing at an explosive rate. Billions of gigabytes are generated every day, and it’s getting worse. The sheer amount of it is staggering. Data comes from smartphone apps, the Internet of Things, [...]
One of the most challenging aspects of underwriting and validating high-risk accounts pertains to collecting, managing, and evaluating data. To adhere to the complex web of regulatory and compliance protocols, serving high-risk accounts requires extensive [...]
If you’re a sports fan like me, it’s interesting to see how players can struggle with one team, get traded to another, and all of a sudden blossom into a superstar. That process [...]
